Corona; Riskmanagement is a chance for Procurement

Who stands first in line later when the world’s workshop will come on stream slowly? Have the alternatives been identified and mobilised so that shortages in the supply chain can be bridged? This is the moment that adequate riskmanagement delivers a competative advantage for the business. Who has invested in suppliermanagement to be confident in her or his position at the supplier. What choices will suppliers make concerning their available capacity. Did you spend time on describing relevant risk scenario’s and have alternative ways been considered together with the business?
Procurement organizations who have their riskmanagement and suppliermanagement in order will score big points today. Incidentally a survey among 900 Managers Procurement in the Netherlands shows a result of 5,7 (0-10) to the question to what extend unexpected developments are under control. In times of crisis the tree will be shaken showing who has it together and truly contributes tot he business. Quite difficult in a period that the focus is on operations and tactics to capitalize on shortterm opportunities